Pricing Supplement dated September 4, 2002	                     Rule 424(b)(3)
(To Prospectus dated April 3, 2002 and	                         File No. 333-84692
Prospectus Supplement dated April 4, 2002)

			TOYOTA MOTOR CREDIT CORPORATION

			Medium-Term Note - Floating Rate
____________________________________________________________________________________

Principal Amount:  $50,000,000               Trade Date: September 4, 2002
Issue Price: See "Plan of Distribution"	     Original Issue Date: September 12, 2002
Initial Interest Rate:  See "Additional      Net Proceeds to Issuer: $49,962,845
    Terms of the Notes -- Interest"	     Principal's Discount
Interest Payment Period: Quarterly	       or Commission: 0.07431%
Stated Maturity Date: March 14, 2005
____________________________________________________________________________________
Calculation Agent:  Deutsche Bank Trust Company Americas
Interest Calculation:
     [X]  Regular Floating Rate Note		[ ]  Floating Rate/Fixed Rate Note
     [ ]  Inverse Floating Rate Note			  (Fixed Rate Commencement
            (Fixed Interest Rate): 			   Date):
     [ ]  Other Floating Rate Note		          (Fixed Interest Rate):
            (see attached)

     Interest Rate Basis: [ ]  CD Rate [ ] Commercial Paper Rate [ ] Prime Rate
               [ ]  Eleventh District Cost of Funds Rate   [ ]  Federal Funds Rate
               [X]  LIBOR	[ ]  Treasury Rate	[ ]  Other (see attached)
                         If LIBOR, Designated LIBOR Page:  [ ]  Reuters Page:
                                                      [X]  Telerate Page: 3750

     Initial Interest Reset Date: December 14, 2002	Spread (+/-): +0.03%
     Interest Rate Reset Period: Quarterly		Spread Multiplier:  N/A
     Interest Reset Dates: March 14, June 14,		Maximum Interest Rate: N/A
       September 14, December 14
     Interest Payment Dates: March 14, June 14		Minimum Interest Rate:  N/A
       September 14, December 14, commencing		Index Maturity: 3 month
       December 14, 2002				Index Currency: U.S. dollars

Day Count Convention:
     [ ]  30/360 for the period from       to
     [X]  Actual/360 for the period from September 12, 2002 to March 14, 2005
     [ ]  Other (see attached)

Redemption:
     [X]  The Notes cannot be redeemed prior to the Stated Maturity Date.
     [ ]  The Notes may be redeemed prior to Stated Maturity Date.
          Initial Redemption Date: N/A
          Initial Redemption Percentage: N/A
          Annual Redemption Percentage Reduction: N/A

Repayment:
     [X]  The Notes cannot be repaid prior to the Stated Maturity Date.
     [ ]  The Notes can be repaid prior to the Stated Maturity Date at the option of
          the holder of the Notes.
          Optional Repayment Date(s):
          Repayment Price:     %
Currency:
     Specified Currency:  U.S. dollars
           (If other than U.S. dollars, see attached)
     Minimum Denominations:
           (Applicable only if Specified Currency is other than U.S. dollars)

Original Issue Discount:  [ ]  Yes     [X] No
     Total Amount of OID:
     Yield to Maturity:
     Initial Accrual Period:

Form:  [X] Book-entry            [ ] Certificated



                                 	___________________________

                                                   BNP PARIBAS



                                          ADDITIONAL TERMS OF THE NOTES

Interest

        The Initial Interest Rate for the Medium-Term Notes offered by
this pricing supplement will be equal to three month LIBOR determined
on September 10, 2002 plus 0.03%.


Plan of Distribution

        Under the terms of and subject to the conditions of an
Appointment Agreement dated October 4, 2001 and an Appointment Agreement
Confirmation dated September 4, 2002 (collectively, the "Agreement"),
between TMCC and BNP Paribas Securities Corp. ("BNPP"), BNPP, acting as
principal, has agreed to purchase and TMCC has agreed to sell the Notes
at 99.92569% of their principal amount. BNPP may resell the Notes to one
or more investors or to one or more broker-dealers (acting as principal
for the purposes of resale) at varying prices related to prevailing
market prices at the time of resale, as determined by BNPP.

        Under the terms and conditions of the Agreement, BNPP is
committed to take and pay for all of the Notes offered hereby if any
are taken.